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These companies will raise prices because of Trump's tariffs | CNN Business

In response to former President Donald Trump's proposed tariffs on imported goods, several major companies across various industries have announced plans to raise prices on their products, according to a CNN report from May 24, 2025. The proposed tariffs, which target goods from countries like China and Mexico, aim to protect American industries but have led companies such as electronics manufacturers, automotive companies, and consumer goods producers to warn of imminent price increases to offset the additional costs. Industry analysts suggest that these price hikes could contribute to higher inflation rates and potentially impact consumer spending, as businesses pass on the tariff-related expenses to customers. Some companies are also exploring alternative sourcing strategies to mitigate the impact of the tariffs, but many acknowledge that price adjustments are inevitable in the short term.

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[ https://www.cnn.com/2025/05/24/business/companies-raise-prices-trump-tariffs ]